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Required information Problem 8-70 (LO 8-4) (Algo) (The following information applies to the questions displayed below.) Trey has two dependents, his daughters, ages 14 and

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Required information Problem 8-70 (LO 8-4) (Algo) (The following information applies to the questions displayed below.) Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife. What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use Exhibit 8-8. Problem 8-70 Part-b (Algo) b. His AGI is $421,200. Amount of child tax credit This is a numeric cell, so please enter numbers only. EXHIBIT 8-8 Child Tax Credit Phase-Out Threshold Phase-Out Threshold Filing Status Married filing jointly Married filing separately Head of household and single $400,000 200,000 200,000 ! Required information Problem 8-70 (LO 8-4) (Algo) [The following information applies to the questions displayed below.] Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife. What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use Exhibit 8-8. Problem 8-70 Part-c (Algo) c. His AGI is $424,800, and his daughters are ages 10 and 12. Amount of child tax credit

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